American Silver Bullion Coins
American Silver Bullion Coins
Article by Arty Cull
Prior to buying a 1 oz silver bullion coin or a bar, be sure you look for the sign of authenticity that is present on the coin. Also look for the warranty card if there is any provided with it. Verify if the weight of the silver is actually one ounce or not. With a little knowledge and caution you can gladly invest in 1 oz silver coins with confidence.
You will observe the American Eagle silver bullion coin at a price that is relatively easy to pay regardless of what your investment budget is. With the gold Eagle coin, the cost of the coin is too high for many investors and budgets, but this does not mean these individuals cannot take advantage of the popularity of coins and the high demand for all precious metals right now. In these circumstances the American Eagle silver bullion coin is often a more sensible choice, but either version is a wonderful choice for any investor.
The American Silver Eagle, the US silver bullion coin, which was introduced in 1986 in order to compete with coins like the Canadian Maple Leaf and the South African Krugerrand, has a face value of . Having said that, its bullion coin value, tied into its metal content is much higher than its actual face value. John Mercanti created the eagle design on the reverse side. The obverse side carries the Adolphe A. Weinman design from the 1916-1947 Half Dollars. The American Silver Eagle carries exactly one ounce of pure silver and is an alloy metal with 99.93% silver and .07% copper.
Silver Eagle coins, also known as American Silver eagles, are the official silver bullion coin of the United States of America. Silver Eagle Coins have been offered since 1986. Silver Eagle Coins are minted to rigorous specifications and guaranteed by the U.S. Government for weight, content, and purity. The series has become a favorite of both precious metal investors and coin collectors.
The price for Silver Eagles usually consists of the price of silver plus a premium to cover the cost to manufacture and distribute them and any dealer costs. The American Eagle is exclusively the only silver bullion coin whose weight, content, and purity is assured by the United States Government. Requiring no assaying, American Eagles are easily converted to cash at any time. Also, the American Silver Eagle coin is the most popular silver bullion coin. The Silver Eagle is not just attractive but its silver content is guaranteed by the U.S. government.
Because they are the United States’ only official silver bullion coin, the specifications are exact, and are followed rigorously. Silver Eagle coins are issued in regular bullion, collectible proofs and collectible uncirculated versions. Collectible uncirculated coins are marked with a “W” to be a sign of their importance and value. Their weights and purity are guaranteed by the United States Government, and they are the only silver coin allowable to be invested in an IRA. They have been minted at the Philadelphia Mint, as well as the West Point Mint and the San Francisco Mint.
About the Author
Silver bullion coins are highly sought after by investors and collectors alike. Choosing to buy Silver Eagles gives the assurance of metal content and quality.
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